Starting 2024 WF will start targeting employees who are WFH but who live near hubs. They will be required to RTO. Non compliance will mean voluntary resignation.
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Regarding employees working remotely due to ADA accommodation.
- I have been told everyone has to be in a hub city, even if currently on an ADA accommodation working remotely.
- The ADA accommodation group told me to expect remote work status pulled - the goal is to have everyone in the office, even employees covered by ADA.
If you live near a hub, and have a legit medical accommodation - and you’re let go because you can’t come into hub - isn’t there a law around that? And why is this push to RTO so aggressive? Why is being in the office so important? It’s 2024 ffs. I know for a fact, after working from home for 12 years, I would be far less productive in the office, for several reasons.
All this crazy nonsense is creating undue stress and havoc within the org. Employee morale is way down. Wells is a sh-t show and a joke - they lie, a lot. Smile in your face and talk sh-t behind your back. The “culture” is dead.
No doubt it is happening but the timelines may be very different. In Consumer Lending we were told these changes will take place in the next 1-3 years. Doubt they would have laid out the timeline like that if things will start in January 2024.
They were clear that if you live near a hub you will be expected back in. If you don't live in a select hub location you will be displaced. No messaging on relo offers.
Yes, so far it has been displace, no relo oppty - this has been in HR and Finance where they are seeking to shrink. Some other units may also work that way (displace due to location and no relo oppty) if they also need to dramatically downsize.
In my LOB we are able to backfill the positions that are impacted, bc we are not looking to shrink that way. So it is a function-by-function/OC-by-OC/LOB-by-LOB decision. There will be a lot of info about it forthcoming in January for the OC I am in that outlines all of this.
@2wtw+1pWdW
The relo part must be new. Everyone I know that has been down sized "due to location" was not given the option to move to an allegedly approved hub. It was all just excuses.
“@1vni+1pWdWyGv
January seems soon, I have heard anything from a potential announcement coming end of q1 or end of 2024. Do you have inside information on this? How about if you are not by a hub?”
@1vni+1pWdWyGv here. I am in a position to know - I have impacted staff. This is for people within 40 miles of office who are remote but no accommodation. They will be told they need to start going in 3+ days/wk, with grace period of 8 wks
People not near a hub will be part of subsequent waves and will be “relocate or you are displaced” notifications. LOB may offer relo, may not - at individual LOB discretion. Period of time to decide (I think 30 days)
lol we heard this at least 10x before.
Good. Why should there be people with a WFH exception that isn't medically justified if you live close to an admin building? They need to be consistent.
40 miles radius for remote workers to either come to hub/core market locations. You will have 60 days to make that choice. If you choose not to you, have effectively resigned. Outside of that 40 mile radius? you’re looking at a lot of displacements. Some accommodations will be made ( I presume) for employees they deem merit it for relocation package. Not sure how they are doing that yet or what criteria you need to meet. 50k is a number I’ve heard and seen a lot for total termed employees.
Even medically accommodated remote workers are being looked at for displacement I’m told.
This starts 2024 and runs through 2025 and will be done in phases.
Every LOB is managing it independently. The enterprise has not directly told anyone to bring back their core remote employees (though it is enterprise mandate to exit non-core, non-customer facing roles). Bottom line, it’s pointless to exit/relo non-core employees and then let someone else work remotely 10 minutes away from a large admin building. You have to do it all to be fair and consistent. Only those with true, HR approved medical accommodations in core markets will be excluded from eventual return to the office.
Are you able to give any details on your LOB or area of focus? Thanks in advance!
It has already started and Q1 will be significant. I have already had to review my list of non-hub and remote workers and validate the report. Then, I expect, the few that I had to rate IM in their reviews will also get added to the list. I fully expect that all of those people will get severance offers within the next 90 days. I expect that some will get relocation offers but doubt that anyone will take it.. Nobody wants to uproot their families and lives just for a company that could lay them off again in the next 5 years.
No department will come through this unscathed next year. A reduction of 50,000 will hit every area.
RTO was supposed to create more attrition than it did. Hang on for a wild ride.
partially true... they will be targeting ANYONE -- remote exception or not -- who is not in the "strategic market" for their group... Relo or severance.
@1vni+1pWdWyGv
January seems soon, I have heard anything from a potential announcement coming end of q1 or end of 2024. Do you have inside information on this? How about if you are not by a hub?
Yes, it’s happening in january company wide. If you are wfh and within 40 miles and not on medical accommodation - you will be notified of requirement to RTO with an 8 week ‘grace’ period so you can make any changes in personal arrangements needed.
There will be a huge push for this on 2024. They want it all completed by Q1 2025.
The sky is falling so said Chicken Little.
@OP this may be fact but it's been posted so much here with different months and years that it's just noise at this point. EVERYONE is at risk. End of story.
Director here in CIB … was told to post a vacancy for one of my sr. Managers who is not in a hub. We met and she said WTF, this sounds like my exact job. I told her it was and that i was forced to do it due to her non hub location. Told her to post for it but no relo money to IA. 100 percent true and it’s happening routinely.
Tech is impacted
Old news. Save yourself and get out of the toxic Wells Fargo shitshow if you can. The ride is only going to get worst. God Bless.
Sounds fantastic. Can't wait
All employees in the US are targets. Once one group is exterminated, they move on to the next one. They want us all gone. I don't care what your role is or your location, WFH, hub, doesn't matter in the end. Hyderabad and Hudson Yards are the only "safe" hubs. Everything else will be shut down.